This paper is published in Volume-5, Issue-4, 2019
Area
Economics
Author
Mudit Garg
Org/Univ
Indian Institute of Technology, New Delhi, Delhi, India
Pub. Date
14 August, 2019
Paper ID
V5I4-1328
Publisher
Keywords
Capital income, Labor income, Technology, Policy, Inequality

Citationsacebook

IEEE
Mudit Garg. Bridging income inequalities, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.

APA
Mudit Garg (2019). Bridging income inequalities. International Journal of Advance Research, Ideas and Innovations in Technology, 5(4) www.IJARIIT.com.

MLA
Mudit Garg. "Bridging income inequalities." International Journal of Advance Research, Ideas and Innovations in Technology 5.4 (2019). www.IJARIIT.com.

Abstract

Distribution of wealth has been among one of the most controversial debates in recent times. When the rate of return on capital exceeds the rate of growth of output and income (as in the 19th century and seems to be the case in the 21st century), Capitalism leads us in a direction that sabotages the very basic values upon which our democracies are based. Drawing inspiration from Capital in the Twenty-First Century by Thomas Piketty, this paper plans to offer some insights and policy-based solutions that could bring about a shift in income and wealth towards less inequality. The paper also keeps a note of the role of technological advancements and the increase of wealth. These policies need to be implemented on a national level to bring about a genuine shift in the distribution of income. The implementation of these policies is as critical as the ideation and formulation.
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